Lions and friends.
As I am writing this the 10yr yield is 3.444%, crude is higher, and the SP500 is lower. Gold, silver, and Bitcoin remain under pressure, while the DXY is higher by 0.32%
MANY people have written to me this morning and are convinced that we are still in a normal corrective phase of the stock market. I have maintained that “as long as the bond market remained stable, it was a normal corrective phase…” but to me, the obvious instability in the debt market which began late last week is telling us a different story now.
All I can say is this, IF the instability in the debt market persists, and rates continue to spike in what appears to me as an “uncontrolled manner,” the stock market will continue to fall- this is just my opinion.
GM
Greg. I was looking at the productivity numbers and they are a dismal 7.5 % in negative territory. Could 96 Jewish lightning strikes on food processing plants be part of the big picture? You bet! https://thinkamericana.com/heres-96-examples-that-the-food-shortages-are-being-created-not-predicted/
We will get through this. And, yes, you've taught us that. There's always opportunities. You taught us that, too. I believe we are seeing the beginning of the fall but it won't be so clean cut. It'll go up/down, up/down, up/down just to screw with us and cause the most amount of fear/panic/stress. Until the final, kaboom, of course. That's the way these bastards roll.